November 28, 2017

Leading UK media company replaced Hyperion Enterprise with CCH Tagetik’s cloud CPM solution in less than six months

CCH Tagetik, part of Wolters Kluwer Tax & Accounting and a leader in global performance management software solutions, today announced that it will host the live webinar, “Modernize Your Consolidation Today!,” from 3:00 to 3:45 p.m. GMT/10:00 to 10:45 a.m. EDT on Tuesday, December 5.

During the webinar, Mark Pennington, group controller for Tarsus Group, will discuss the company’s transition from Oracle Hyperion Enterprise to CCH Tagetik’s cloud-based CPM solution. Tarsus Group is an international business-to-business media company with interests in exhibitions, conferences, education, publishing, and online media. The company has 80 legal entities operating in multiple currencies.

“Our business had long outgrown the Hyperion system,” said Pennington.“We specifically decided to focus our search for a replacement solution on cloud solutions for several reasons. We wanted a solution that could be easily used by our local teams and easily maintained without IT support. We also wanted to avoid performance lags, particularly in remote locations.

“In addition to modernizing our consolidation function, CCH Tagetik has dramatically reduced manual processing, allows for easy integration with our ERP systems, and automates the modeling of foreign exchange rate fluctuations,” continued Pennington. “With CCH Tagetik’s Collaborative Office, we also now have the ability to perform accurate, comparative reporting for events – a critical requirement since these events are our core revenue. CCH Tagetik’s multidimensional capabilities lets us report on events by product group, industry, region, or other critical criteria.” The CCH Tagetik solution has now been live at Tarsus Group for more than a year.

“Tarsus Group’s experience demonstrates that a move to the cloud is a practical option for any company, no matter its complexity or unique requirements,” said Nick Nesbitt, general manager for CCH Tagetik UK and Ireland. “Our UK team worked with Tarsus to implement the solution in 75 working days, and today, a self-sufficient Tarsus system administrator provides the minimal support required.”

The webinar will feature a live demonstration of CCH Tagetik’s consolidation functionality, including:

The benefits of unifying consolidation, budgeting, forecasting, disclosure reporting, and analysis on a unified platform.

Features that foster collaboration among business stakeholders.

How audit trails, diagnostic checks, and automated validation ensure data accuracy from source to final reporting.

Workflow management functionality that allows activities to be performed simultaneously, distributing accountability and expediting processes.

For more information and to register for the complementary webinar, click here.